Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$200,016$200,016$256,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$56,394$0
Funding fee$1,000$1,000$0
Note rate2.870%2.870%7.320%
Blended rate2.870%4.218%7.560%
1st payment$932.91$932.91$1,761.36
2nd payment$0.00$422.95$0.00
Taxes / mo$0.83$0.83$0.83
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$51.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,083.74$1,506.69$1,963.47
Cash to close$84,884$28,490$28,490